Agenda - View Meetings (All) (9494413929)

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Topics Of Discussion

Council Work Session

Meeting Date:

12/06/2022

2023 City Budget

Submitted By:

Jim Bell

Department:

Division:

Accounting

Council Committee Review?:

Council Work Session

Date(s) of Committee Review:

10/18/2022, 11/07/2022, 11/22/2022, 12/6/2022

Audio-Visual Needs:

None

Legal Review:

Emergency Legislation?:

Motion/Ordinance/
Resolution No.:

Agenda Item Description or Legislation Title

2023 City Budget

Purpose and Background

The final draft of the 2023 City Budget is included (see attached). The 2023 City Budget for the General Fund and Local Street Operating Fund are balanced. The Police Fund, Fire Fund, and Parks and Recreation Fund are structurally balanced (current carryover fund balances cover any excess spending in 2023). The third draft of the 2023 City Budget totals $104,101,537 for all funds. The 2023 General Fund Budget totals $16,020,488.

The proposed 2023 City Budget ordinance is attached (see attached) as well as the 2023 Expenditure Budget summary and history of expenses for each fund. Also attached are the detailed revenue estimates for 2022 and 2023, in addition to actual revenues for previous years for each fund.

Changes to the 2023 Budget from the first reading to the final reading are as follows:
Revenues increased $262,115
Expenses increased $104,225

Fiscal Impact

Source of Funds:

N/A

Cost:

N/A

Recurring Cost? (Yes/No):

N/A

Funds Available in Current Budget? (Yes/No):

N/A

Financial Implications:

There is no fiscal impact on the current budget since this is the proposed 2022 Budget.

Attachments

2023 Revenue Budget Estimates

2023 Expense Budget Summary

Ordinance